Fiber Optic Cable Market Scope
Since the FTP and IP protocols are being introduced to the market, the telecom industry has seen numerous transactions and technological advancements to increase the efficiency and speed of the communication devices. Thus the demand for high bandwidth communication has been increased over the past few years. In addition to this, recently introduced technologically advanced features such as live buffering or video call will generate significant demand over the forecasted period. Some of the prominent broadband networking architectures that will necessitate the large-scale deployment of fiber optic networks such as; Fiber to the Home (FTTH), Fiber to the Building (FTTB), Fiber to the Cabinet (FTTC), and Fiber to the Premise (FTTP) will further increase the demand for fiber optic cables.
The market study is being classified by Type (Simplex and Zip cord, Distribution cable, Breakout cable, Loose tube cable, Armored cable, Aerial cable and Ribbon cable), by Application (Local area network, Telecommunication, CCTV, Cable TV, Optical Fiber Sensor and Others) and major geographies with country level break-up. According to AMA, the Global Fiber Optic Cable market is expected to see growth rate of 4.57% and may see market size of USD8148.33 Million by 2024.
Research Analyst at AMA predicts that Chinese and United States Players will contribute to the maximum growth of Global Fiber Optic Cable market throughout the predicted period.
Futong Group Co., Ltd. (China), Amphenol (United States), Rockwell Collins (United States), Carlisle Companies (United States), Corning (United States), Jiangsu Zhongtian Technology Co., Ltd. (China), Wuhan Yangtze Communication Industry (China), Fujikura Ltd. (Japan), HENGTONG Group (China), Yangtze Optical FC (China), General Cable (United States) and Sumitomo Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Finisar (United States), W.L. Gore & Associates (United States), OFS Fitel (United States), AFL Global (United States), Optical Cable Corp. (United States), Radiall (France), Prysmian Group (Italy) and Furukawa Electric Co., Ltd. (Japan).
AdvanceMarketAnalytics has segmented the market of Global Fiber Optic Cable market by Type, Application and Region.
On the basis of geography, the market of Fiber Optic Cable has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North Amercia region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Mode of Fiber Optic, the sub-segment i.e. Single-Mode Fiber Optic Cable will boost the Fiber Optic Cable market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fiber Material, the sub-segment i.e. Glass Fiber will boost the Fiber Optic Cable market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Jacket Material, the sub-segment i.e. Polybutylene terephthalate will boost the Fiber Optic Cable market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On April 30, 2019, Carlisle Companies Incorporated has acquired Hosco Fittings (Hosco) and Integrated Dispense Solutions (IDS). Out of which, Hosco is a leading manufacturer of precision stainless steel fluid handling components designed for high volume, high purity paint circulating and application finishing systems. IDS designs and manufactures dispensing solutions for precision applications of high viscosity materials. Both Hosco and IDS will become part of the Carlisle Fluid Technologies (CFT) operating segment.
British Standard Institution has mandated some standards in manufacturing fiber optic cables including "BS 6425-1" which determines the amount of halogen acid gas evolved during combustion of polymeric materials taken from cables. In addition to this, "BS 6425-2" determines the degree of acidity (corrosivity) of gases by measuring PH and conductivity. Moreover the "BS 6724, Appendix F" provides Measurement of smoke density using the 3 m test cube (Absorbance).
- Introduction to High-Speed Long-Term Evolution (LTE) Technology and Broadband Services
- Adoption of Thinner, Light Weight and Highly Advanced Optical Fiber Cables
- Supports Comparatively Higher Bandwidth and Speed than conventional Wires
- Upsurging Demand for Optic Fiber Cables from LAN Networks and CCTV Connection
- Robust Growth of Optical Communication Infrastructure in Developing Countries
- Minimized Post Purchase Maintenance and Internet Fluctuations
- Extremely Higher Initial Investments Required for Fiber Optic Cable Installation
- Moderately Prone to Signal Losses due to Fiber Damages
- Threat of Substitutes such as Wireless Telecommunication Services
- Upsurging Transportation Cost for the Sensitive Electrical and Telecommunication Equipments
Key Target Audience
Manufacturers of Optic Fiber Cable, Optic Fiber Cables Upstream and Downstream Buyers, Post Purchase Maintenance Personnel, Research institutes and organizations, Telecommunication Industry Associations, Regulatory Authorities Related to ICT, Government Bodies, Venture Capitalists and Others
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